Lucas Energy gets a boost
Posted: Mon Mar 07, 2011 2:46 pm
DALLAS, March 7, 2011 (GLOBE NEWSWIRE) -- MicroStockProfit.com announces an investment report featuring Lucas Energy Inc. (AMEX:LEI - News). The report includes financial, comparative and investment analyses, and industry information you need to know to make an educated investment decision.
The full report is available at: www.microstockprofit.com/lp/LEI
Lucas Energy Inc. (LEI) is an independent oil and gas company with approximately 12,500 gross acres (10,400 acres net) of oil and gas leases in South Texas, primarily in the Gonzales County and Wilson County, Texas. The Company is engaged in the exploration and production of oil and natural gas. It holds oil and gas interests in the Austin Chalk formation, Buda formation and Eagle Ford Shale formation. As of March 31, 2010, LEI operated 30 wells that produced approximately 190-200 barrels of oil per day (BOPD) gross. During the fiscal year ended March 31, 2010 (fiscal 2010), its oil production sales totaled 27,833 barrel of oil equivalent.
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In the report, the analyst notes:
"LEI last week reported that its Hagen EF No.2H Eagle Ford horizontal well being operated by Hilcorp Energy Company has been fracture stimulated, completed and tested ... The Company expects the well to meet or exceed expectations of 500 barrels of oil per day (BOPD) IP (initial test potential) and increase the Company's net production, cash flow from producing wells, and net proved producing reserves, significantly."
"LEI recorded a new 52-week high of $4.59 Friday before closing the session at $4.24. The stock saw trading at a volume of over 25.67 million shares compared to its average daily trading volume of 228.30K shares. LEI remains above its 50-day moving average of $2.24 and its 200-day moving average of $2.06."
To read the entire report visit: www.microstockprofit.com/lp/LEI
See what investors are saying about LEI at http://www.stockhideout.com
Get breaking news on LEI at http://thestockmarketwatch.com/
MicroStockProfit.com is a small-cap research and investment commentary provider. MicroStockProfit.com strives to provide a balanced view of many promising small-cap companies that would otherwise fall under the radar of the typical Wall Street investor. We provide investors with an excellent first step in their research and due diligence by providing daily trading ideas, and consolidating the public information available on them. For more information on MicroStockProfit please visit: http://www.microstockprofit.com
MicroStockProfit.com Disclosure
MicroStockProfit.com is not a registered investment advisor and nothing contained in any materials should be construed as a recommendation to buy or sell any securities. MicroStockProfit.com is a Web site wholly owned by BlueWave Advisors, LLC. Neither MicroStockProfit.com nor its affiliates have a beneficial interest in the mentioned company; nor have they received compensation of any kind for any of the companies listed in this communication. Please read our report and visit our Web site, MicroStockProfit.com, for complete risks and disclosures.
The full report is available at: www.microstockprofit.com/lp/LEI
Lucas Energy Inc. (LEI) is an independent oil and gas company with approximately 12,500 gross acres (10,400 acres net) of oil and gas leases in South Texas, primarily in the Gonzales County and Wilson County, Texas. The Company is engaged in the exploration and production of oil and natural gas. It holds oil and gas interests in the Austin Chalk formation, Buda formation and Eagle Ford Shale formation. As of March 31, 2010, LEI operated 30 wells that produced approximately 190-200 barrels of oil per day (BOPD) gross. During the fiscal year ended March 31, 2010 (fiscal 2010), its oil production sales totaled 27,833 barrel of oil equivalent.
For only $39 a month, you can sign up for our real-time stock alert service. Click here to join now: http://www.pennystocklive.com/join-premium-membership/
In the report, the analyst notes:
"LEI last week reported that its Hagen EF No.2H Eagle Ford horizontal well being operated by Hilcorp Energy Company has been fracture stimulated, completed and tested ... The Company expects the well to meet or exceed expectations of 500 barrels of oil per day (BOPD) IP (initial test potential) and increase the Company's net production, cash flow from producing wells, and net proved producing reserves, significantly."
"LEI recorded a new 52-week high of $4.59 Friday before closing the session at $4.24. The stock saw trading at a volume of over 25.67 million shares compared to its average daily trading volume of 228.30K shares. LEI remains above its 50-day moving average of $2.24 and its 200-day moving average of $2.06."
To read the entire report visit: www.microstockprofit.com/lp/LEI
See what investors are saying about LEI at http://www.stockhideout.com
Get breaking news on LEI at http://thestockmarketwatch.com/
MicroStockProfit.com is a small-cap research and investment commentary provider. MicroStockProfit.com strives to provide a balanced view of many promising small-cap companies that would otherwise fall under the radar of the typical Wall Street investor. We provide investors with an excellent first step in their research and due diligence by providing daily trading ideas, and consolidating the public information available on them. For more information on MicroStockProfit please visit: http://www.microstockprofit.com
MicroStockProfit.com Disclosure
MicroStockProfit.com is not a registered investment advisor and nothing contained in any materials should be construed as a recommendation to buy or sell any securities. MicroStockProfit.com is a Web site wholly owned by BlueWave Advisors, LLC. Neither MicroStockProfit.com nor its affiliates have a beneficial interest in the mentioned company; nor have they received compensation of any kind for any of the companies listed in this communication. Please read our report and visit our Web site, MicroStockProfit.com, for complete risks and disclosures.